Official announcements from Apex or relevant defense agencies

Apex Secures $95M Series B Funding Led by XYZ Venture Capital to Scale Satellite Bus Production

Jun 12, 2024, 01:24 PM

Apex, a company specializing in off-the-shelf satellite bus platforms, has secured $95 million in Series B funding. The funding round was led by XYZ Venture Capital and co-led by CRV, with participation from Upfront Ventures, 8VC, and Point72 Ventures, some of the world’s top investors. This significant investment will enable Apex to scale its manufacturing and production capabilities, producing critical satellite buses and allowing customers to access space faster and more frequently. The company aims to address major bottlenecks in the defense and space industry. Apex's progress is attributed to the efforts of its team, led by Ian Cinnamon and Max Benassi.